Short Interest in T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) Declines By 39.4%

T. Rowe Price Capital Appreciation Equity ETF (NYSEARCA:TCAF) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 97,546 shares, a decrease of 39.4% from the June 15th total of 161,069 shares. Based on an average daily volume of 957,714 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On T. Rowe Price Capital Appreciation Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management raised its holdings in shares of T. Rowe Price Capital Appreciation Equity ETF by 41.5% in the second quarter. Brookstone Capital Management now owns 8,144 shares of the company’s stock worth $335,000 after buying an additional 2,387 shares during the period. Diversified Management Inc. grew its position in T. Rowe Price Capital Appreciation Equity ETF by 0.3% in the 2nd quarter. Diversified Management Inc. now owns 149,463 shares of the company’s stock valued at $6,143,000 after acquiring an additional 428 shares during the last quarter. World Equity Group Inc. increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 100.0% in the 2nd quarter. World Equity Group Inc. now owns 20,524 shares of the company’s stock worth $844,000 after buying an additional 10,262 shares during the period. Focus Financial Network Inc. increased its stake in T. Rowe Price Capital Appreciation Equity ETF by 202.7% in the 2nd quarter. Focus Financial Network Inc. now owns 260,779 shares of the company’s stock worth $10,718,000 after buying an additional 174,616 shares during the period. Finally, Sax Wealth Advisors LLC lifted its holdings in T. Rowe Price Capital Appreciation Equity ETF by 37.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 7,304 shares of the company’s stock valued at $300,000 after buying an additional 2,004 shares in the last quarter.

T. Rowe Price Capital Appreciation Equity ETF Stock Performance

NYSEARCA:TCAF traded down $0.45 during trading hours on Friday, reaching $41.17. The stock had a trading volume of 362,061 shares, compared to its average volume of 822,348. The stock has a market capitalization of $7.53 billion, a PE ratio of 29.44 and a beta of 0.94. The company has a 50 day moving average price of $40.64 and a two-hundred day moving average price of $38.73. T. Rowe Price Capital Appreciation Equity ETF has a 52 week low of $34.43 and a 52 week high of $41.93.

About T. Rowe Price Capital Appreciation Equity ETF

The T. Rowe Price Capital Appreciation Equity ETF (TCAF) is an exchange-traded fund. The fund’s investment portfolio concentrates primarily on large cap equity. TCAF is an actively managed fund that pursues higher quality stocks of US large-cap companies that are perceived to have above average potential for capital growth.